Diamond420 Diamond420

10-01-2020
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Which factor does not allect the clasticity of demand for a good?

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taylor601 taylor601

13-01-2020

Goods that are a necessity are typically inelastic, meaning that a change in price is unlikely to impact demand. If the price of gasoline rises, for example, the demand doesn't change all that much since people need to use their cars to get to work.

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